Well it looks like the rally is starting, growing slowly with a broad base of support for Gold. Keep accumulating while you have the chance. Lots of Companies out there that are looking mighty attractive. Remember accumulate juniors and mid tier producers or those companies at or near production. Remember I am still calling for $1250 gold by year end. The only monkey wrench that could be thrown in is if the big the shorts on the market try to drive it down one more time. Support lies at $950, $928, $910; and resistances are at $970, $987, and then $1000. This rally is very reminiscent of what happened back in July-Aug. 2007 only on a more volatile basis. One other quick note as far as Silver is concerned. I am looking for $25+ Silver by the end of the year and to perform on a percentage basis even better than Gold. Some stocks I really like aggressive buys, (OSKFF) $6.80 OB, (HL) $3.75 OB, (NAK) $7.55 OB, (CDE) $16.00 OB, (NG) $5.00 OB, (FRG) $5.00 OB, and that’s just to mention a few. For Silver, (FRMSF) $2.80 OB, (IVN) $8.50 OB, along with (HL) and (CDE). For Platinum and Palladium, (SWC) $7.50 OB, (PAL) $3.90 OB, (ANO) $1.25. (OB equals or better). Remember due your due diligence, consult your financial advisor’s and read the prospectuses before making any investments. Disclosure: I am Long all of the afore mentioned stocks. Good Investing! -jschulmansr

Get this in-depth report now, plus a gram of free gold,
at BullionVault====================================================Why Gold Could Hit $1,300 This Year --- Seeking Alpha
By: Graham Summers of Gains, Pains, & CapitalGold may be nearing its next major leg up.No investment ever goes straight up or straight down. During the
last bull market in gold, the precious metal rose 2,329% from a
low of $35 in 1970 to a high of $850 in 1980. However, during that
time, there was a period of 18 months in which gold fell nearly 50%
(see the chart below).As you can see, from mid-1971 to December 1974, gold rose 471%. It
then fell 50%, from December ’74 to August ’76. After that, it beganits next leg up, exploding 750% higher from August ’76 to January
1980. Now, in its current bull market (2001 to March 2008), gold
rose over 300% from $250 to a little over $1,000. And just like in
the mid-70s, it began showing signs of weakness after its first big
rally up to $1,014 in March ’08. At one point, it even fell to $700, a 30% retraction.Granted, it wasn’t a full 50% retraction like the one that occurred
from 1974-76. But we are experiencing a financial crisis. And gold
is the most common catastrophe insurance.If we were to go by the historic pattern of the gold market in the
‘70s, gold should experience upwards resistance for 19 months after
its first peak today. Gold’s recent peak was $1,014 in March ’08
(roughly 17 months ago). If this bull market parallels the last one,then gold should renew its upward momentum in a very serious way
starting in October 2009. And this next leg up should be a major
one (the biggest gains came during the second rally in gold’s bull
market in the ‘70s).The chart certainly forecasts a major move.As you can see, gold has formed a long-term inverse head and
shoulders formation (two smaller collapses book-ending a major
collapse). Typically a head and shoulders predicts a massive
collapse. However, when the head and shoulders is inverse, as is
the case for gold today, this typically predicts a MAJOR leg up.Indeed, any move above the “neckline” of 1,000 would forecast a
MAJOR move up to $1,300 or so. Going by history, this is precisely
the move we should expect: remember based on historical trends
(the gold bull market of the ‘70s) gold should begin its second
and largest leg up in September or October 2009.Watch the gold chart closely over the next month or so. If gold
makes a move above $980 perhaps add to your current positions.
If it clears $1,000, hold on tight, cause the next leg up in this
secular bull market has begun.Good Investing!===================================================My Note: After watching stocks (DJI) this afternoon and the strange
price behavior before the close, I felt I would add this article too!
-jschulmansr
===================================================
Five Reason the Market Could Crash This Fall - Seeking Alpha
By: Graham Summers of Gains, Pains, & CapitalWith all this blather about “green shoots” and economic “recovery”
and new “bull market,” I thought I’d inject a little reality into
the collective financial dialogue. The following are ALL true, all
valid, and all horrifying…Enjoy.1) High Frequency Trading Programs account for 70% of market
volumeHigh Frequency Trading Programs (HFTP) collect a ¼ of a penny
rebate for every transaction they make. They’re not interested
in making a gains from a trade, just collecting the rebate.Let’s say an institutional investor has put in an order to buy
15,000 shares of XYZ company between $10.00 and $10.07. The
institution’s buy program is designed to make this order without
pushing up the stock price, so it buys the shares in chunks of
100 or so (often it also advertises to the index how many shares
are left in the order).First it buys 100 shares at $10.00. That order clears, so the
program buys another 200 shares at $10.01. That clears, so the
program buys another 500 shares at $10.03. At this point an HFTP
will have recognized that an institutional investor is putting in
a large staggered order.The HFTP then begins front-running the institutional investor. So
the HFTP puts in an order for 100 shares at $10.04. The broker who
was selling shares to the institutional investor would obviously
rather sell at a higher price (even if it’s just a penny). So the
broker sells his shares to the HFTP at $10.04. The HFTP then turns
around and sells its shares to the institutional investor for
$10.04 (which was the institution’s next price anyway).In this way, the trading program makes ½ a penny (one ¼ for buying
from the broker and another ¼ for selling to the institution) AND
makes the institutional trader pay a penny more on the shares.And this kind of nonsense now comprises 70% OF ALL MARKET
TRANSACTIONS. Put another way, the market is now no longer moving
based on REAL orders, it’s moving based on a bunch of HFTPs gaming
each other and REAL orders to earn fractions of a penny.Currently, roughly five billion shares trade per day. Take away
HFTP’s transactions (70%) and you’ve got daily volume of 1.5
billion. That’s roughly the same amount of transactions that
occur during Christmas (see the HUGE drop in late December), a
time when almost every institution and investor is on vacation.HFTPs were introduced under the auspices of providing liquidity.
But the liquidity they provide isn’t REAL. It’s largely microsecond
trades between computer programs, not REAL buy/sell orders from
someone who has any interest in owning stocks.In fact, HFTPs are not REQUIRED to trade. They’re entirely “for
profit” enterprises. And the profits are obscene: $21 billion
spread out amongst the 100 or so firms who engage in this
(Goldman Sachs (GS) is the undisputed king controlling an estimated
21% of all High Frequency Trading).So IF the market collapses (as it well could when the summer ends
and institutional participation returns to the market in full
force). HFTPs can simply stop trading, evaporating 70% of the
market’s trading volume overnight. Indeed, one could very easily
consider HFTPs to be the ULTIMATE market prop as you will soon see.TAKE AWAY 70% of MARKET VOLUME AND YOU HAVE FINANCIAL ARMAGEDDON.2) Even counting HFTP volume, market volume has contracted the
most since 1989Indeed, volume hasn’t contracted like this since the summer of 1989.For those of you who aren’t history buffs, the S&P 500’s performance
in 1989 offers some clues as what to expect this coming fall. In
1989, the S&P 500 staged a huge rally in March, followed by an even
stronger rally in July. Throughout this time, volume dried up to a
small trickle.What followed wasn’t pretty.Anytime stocks explode higher on next to no volume and crap
fundamentals you run the risk of a real collapse. I am officially
going on record now and stating that IF the S&P 500 hits 1,000, we
will see a full-blown Crash like last year.3) This Latest Market Rally is a Short-Squeeze and Nothing MoreTo date, the stock market is up 48% since its March lows. This is
truly incredible when you consider the underlying economic picture:
normally when the market rallies 40%+ from a bear market low, the
economy is already nine months into recovery mode. Indeed, assuming
the market is trading based on earnings, the S&P 500 is currently
discounting earnings growth of 40-50% for 2010. The odds of that
happening are about one in one million.A closer examination of this rally reveals the degree to which
“junk” has triumphed over value. Since July 10th:

The 50 smallest stocks have outperformed the largest 50

stocks by 7.5%.

The 50 most shorted stocks have beaten the 50 least shorted

stocks by 8.8%.

Why is this?Because this rally has largely been a short squeeze.Consider that the short interest has plunged 72% in the last two
months. Those industries that should be falling the most right now
due to the world’s economic contraction (energy, materials, etc.)
have seen the largest drop in short interest: Energy -90%,
Materials -94%, Financials -86%.In simple terms, this rally was the MOTHER of all short squeezes.
The fact that it occurred on next to no volume and crummy
fundamentals sets the stage for a VERY ugly correction.4) 13 Million Americans Exhaust Unemployment by 12/09 A lot of the bull-tards in the media have been going wild that
unemployment claims are falling. It strikes me as surprising that
this would be true given the fact that virtually every company that
posted the alleged “awesome” earnings in 2Q09 did so by laying off
thousands of employees:

So unemployment claims are falling, that means people are finding
jobs right? Wrong. It means that people are exhausting their
unemployment benefits. When you consider that there are 30 million
people on food stamps in the US (out of the 200 million that are of
working age: 15-64) it’s clear REAL unemployment must be closer to
16%.And they’re slowly running out of their government lifelines.The three million people who lost their jobs in the second half of
2008 will exhaust their benefits by October 2009. When you add in
dependents, this means that around 10 million folks will have no
income and virtually no savings come Halloween. Throw in the other
four million who lost their jobs in the first half of 2009 and
you’ve got 13 million people (counting families) who will be
essentially destitute by year-end.
How does this affect the stock market?The US consumer is 70% of our GDP. People without jobs don’t spend
money. People who are having to work part-time instead of full-time
(another nine million) spend less money than full time employees.
And people who are forced to work shorter work weeks (current
average is 33, an ALL TIME LOW), have less money to spend.Wall Street makes a big deal about earnings (earnings estimates,
earnings forecast, etc), but when it comes to economic growth,
sales are the more critical metric. Companies can increase profits
by reducing costs temporarily, but unless actual top lines increase,there is NO growth to be seen. No revenue growth means no hiring,
which means no uptick in employment, which means greater housing
and credit card defaults, greater Federal welfare (unemployment,
food stamps, etc), etc.So how will corporate profits perform as more and more consumers
become part-time, unemployed, or destitute? Well, so far profits
have been awful. And that’s BEFORE we start seeing millions of
Americans losing their unemployment benefits.With the S&P rallying on these already crap results… what do you
think will happen when reality sets in during 3Q09?5) The $1 QUADRILLION Derivatives Time BombFew commentators care to mention that the total notional value of
derivatives in the financial system is over $1.0 QUADRILLION
(that’s 1,000 TRILLIONS).US Commercial banks alone own an unbelievable $202 trillion in
derivatives. The top five of them hold 96% of this.By the way, the chart is in TRILLIONS of dollars:As you can see, Goldman Sachs alone has $39 trillion in derivatives
outstanding. That’s an amount equal to more than three times total
US GDP. Amazing, but nothing compared to JP Morgan (JPM), which has
a whopping $80 TRILLION in derivatives on its balance sheet.Bear in mind, these are “notional” values of derivatives, not the
amount of money “at risk” here. However, if even 1% of the $1
Quadrillion is actually at risk, you’re talking about $10 trillion
in “at risk.”What are the odds that Wall Street, when allowed to trade without
any regulation, oversight, or audits, put a lot of money at risk?
I mean… Wall Street’s track record regarding financial instruments
that were ACTUALLY analyzed and rated by credit ratings agencies
has so far been stellar.After all, mortgage backed securities, credit default swaps,
collateralized debt obligations… those vehicles all turned out
great what with the ratings agencies, banks risk management systems,and various other oversight committees reviewing them.I’m sure that derivatives which have absolutely NO oversight, no
auditing, no regulation, will ALL be fine. There’s NO WAY that the
very same financial institutions that used 30-to-1 leverage or more
on regulated balance sheet investments would put $50+ trillion “at
risk” (only 5% of the $1 quadrillion notional) when they were
trading derivatives.If Wall Street did put $50 trillion at risk… and 10% of that money
goes bad (quite a low estimate given defaults on regulated
securities) that means $5 trillion in losses: an amount equal to
HALF of the total US stock market.This of course assumes that Wall Street only put 5% of its notional
value of derivatives at risk… and only 10% of the derivatives “at
risk” go bad. Do you think those assumptions are a bit… low?
===================================================Claim a gram of FREE GOLD today, plus a special 18-page PDF report; Exposed! Five Myths of the Gold Market and find out:

· Who's been driving this record bull-run in gold?

· What Happens When Inflation Kicks In?

· Why most investors are WRONG about gold…

· When and How to buy gold — at low cost with no hassle!

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BullionVault====================================================Nothing in today's post should be considered as an offer to buy or
sell any securities or other investments; it is presented for
informational purposes only. As a good investor, consult your
Investment Advisor/s, Do Your Due Diligence, Read All Prospectus/s
and related information carefully before you make any investing
decisions and/or investments. – jschulmansr